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Nov 29, 2012
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let us know. worldwide@cnbc.com, @cnbcwex. >>> stick around because coming up, mervyn king is out with the uk's financial stability report and rumors are swirling about new capital requirements for banks. >>> tim geithner will head to capitol hill today to meet with congressional leaders on, yes, the fiscal cliff. geithner's president lead negotiator in the budget talks. he'll meet first with harry reid at 10:00 a.m. and then with house republicans including speaker john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal for higher taxes for those who make more than a quarter million dollars a year. sdl bo >> b
let us know. worldwide@cnbc.com, @cnbcwex. >>> stick around because coming up, mervyn king is out with the uk's financial stability report and rumors are swirling about new capital requirements for banks. >>> tim geithner will head to capitol hill today to meet with congressional leaders on, yes, the fiscal cliff. geithner's president lead negotiator in the budget talks. he'll meet first with harry reid at 10:00 a.m. and then with house republicans including speaker john...
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Jul 17, 2012
07/12
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tweet us or e-mail us as worldwide@cnbc.com. reach us directly at kelly evans or ross westgate. >> marissa mayer being named ceo of yahoo! of course marissa mayer one of the most senior executives at google. she's been in charge of the look and feel of google, virtually everything you touch on google, the home page, the search screen, the gmail, google news, google images and google maps, it's a surprise move for marissa mayer to leave google. as i said she was the 20th employee of that company. she will be joining yahoo!. there was an expectation that ross levinson the current interim ceo who took over after scott thompson left that company after questions of his resume, he would become the ceo but today the big surprise across silicon valley is marissa mayer will take that role. the big question is whether she's up to the challenge and recruit the talent that's necessary. and whether they will be able to revive the fortunes of yahoo! which has been under question. back to you. >> timothy rendell is still with us. timothy your
tweet us or e-mail us as worldwide@cnbc.com. reach us directly at kelly evans or ross westgate. >> marissa mayer being named ceo of yahoo! of course marissa mayer one of the most senior executives at google. she's been in charge of the look and feel of google, virtually everything you touch on google, the home page, the search screen, the gmail, google news, google images and google maps, it's a surprise move for marissa mayer to leave google. as i said she was the 20th employee of that...
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Nov 27, 2012
11/12
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what about taking some pressure off us? we have a massive debt burden, we really need some compensation here, as well. but it's worth taking a step back even from that and saying the germans and other surface running countries in europe always did have the opportunity to bail out the deficit countries, but almost the obligation. that's what happens if you create a united states of europe. just like alabama was bailed out by new york state or whatever it is. >> i think you were struggling to find a strong state there for a second. >> was a little bit. so the actual transfers aren't necessarily the problem. the problems are two fold. the first as you alluded to is the internal competitiveness of particularly the peripheral countries. when they joined the euro, they took advantage of the low borrowing costs to borrow and spend up a storm, public sector wages went up. and they become dramatically uncompetitive. and the easy way is to leave the euro. the painful way is to stay. so the other thing to bear in mind is the banks. ba
what about taking some pressure off us? we have a massive debt burden, we really need some compensation here, as well. but it's worth taking a step back even from that and saying the germans and other surface running countries in europe always did have the opportunity to bail out the deficit countries, but almost the obligation. that's what happens if you create a united states of europe. just like alabama was bailed out by new york state or whatever it is. >> i think you were struggling...
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Nov 21, 2012
11/12
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thank you for joining us. the central bank has been criticized by some for not cutting sooner and more aggressively. and the key policy rate still sits at 4.5% with growth coming down so rapidly, shouldn't the bank be moving more quickly. >> well, of course, i can talk about myself and my own views, and i think that we are trying still to continue saying normal monetary policy, and when i look around in europe, especially western europe, i don't see many similar cases. that does not necessarily mean that we are wrong. >> who are you more critical of, the bank of england with its qe policy, or the ecb, which has been r been resistant on moving more quickly? >> i would put more criticism on the bank of england or the fed. in any case, i would agree with what a german philosopher once wrote in 2009 that would resolve around policies that it is a kind of a robbery of the future by the present. we are trying to avoid that. to an extent, it is possible for a small open economy. >> all well and good academically, but
thank you for joining us. the central bank has been criticized by some for not cutting sooner and more aggressively. and the key policy rate still sits at 4.5% with growth coming down so rapidly, shouldn't the bank be moving more quickly. >> well, of course, i can talk about myself and my own views, and i think that we are trying still to continue saying normal monetary policy, and when i look around in europe, especially western europe, i don't see many similar cases. that does not...
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May 31, 2012
05/12
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joining us for more, head of markets at citigroup. thanks very much in-keyed for joining us. not only have we got that growth number, but the rupee hitting a fresh record low, as well. what policy pounce will they come up with in india? >> well, the policymakers are in a bit of a tough spot because growth has slowed down and they feel they have limited room to cut rates because inflation is still high. but growth is still something they need to emphasize. the rupee is also a victim of slow down in in-flows as well as slow down in growth. we need to make sure growth is strong. they were concerned about inflation last year and did a series of hikes. they'll probably need to get back on the cutting front. i know inflation hawks think that this will only stir up inflation further, but the issue in independent kra is of a different variety. a lot of supply led issues and none of knows will respond to the domestic repo rate. also a lot of important inflation because of global prices. so i think we're in a spot where we need to get back to growth that will bring the equity markets a
joining us for more, head of markets at citigroup. thanks very much in-keyed for joining us. not only have we got that growth number, but the rupee hitting a fresh record low, as well. what policy pounce will they come up with in india? >> well, the policymakers are in a bit of a tough spot because growth has slowed down and they feel they have limited room to cut rates because inflation is still high. but growth is still something they need to emphasize. the rupee is also a victim of...
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Dec 28, 2012
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still with us, alistair. first of all, it seems like netanyahu has the upper hand in terms of the elections. is there any doubt that he's going to be re-elected? >> there's always a bit of doubt. but he and his part they are, as you put it, the party, the extreme right wing party, they'll probably only get something like 35 seats. and they need 6 is for a majority. so they're still going to have to negotiate with the coalition, probably bring. >> a couple of the orthodox jewish parties. and there's a couple of right centers which together are likely to give them a stable majority. so i think marginal the possibility of netten use hue not being returned to prime minister's office. now, for the last year, i've been saying, including several times on cnbc, that netanyahu would not launch a strike against iran until this election was out of the way. now, i could still be proved wrong, but it's sort of looking like one of my better calls at the moment. and markets seem to have got that message on board. if you thi
still with us, alistair. first of all, it seems like netanyahu has the upper hand in terms of the elections. is there any doubt that he's going to be re-elected? >> there's always a bit of doubt. but he and his part they are, as you put it, the party, the extreme right wing party, they'll probably only get something like 35 seats. and they need 6 is for a majority. so they're still going to have to negotiate with the coalition, probably bring. >> a couple of the orthodox jewish...